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Compare Kotak Bank vs Punjab and Sind Bank Home Loan

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Bank
Interest Rate
Interest Rate
7.99% - 8.50%
8.05% - 9.05%
Processing Fees
Processing Fees
Upto 0.50%
Max ₹ 10,000
Upto 0.25%
Min ₹ 1,000; Max ₹ 15,000
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 5 Cr
Maximum Tenure
Maximum Tenure
20 Years
30 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 836
₹ 737
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
RLLR
RLLR
Minimum Age
Minimum Age
21 Years
21 Years
Maximum Age
Maximum Age
65 Years
70 Years
For Women
For Women
N
N
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.7/5.0
2.5/5.0
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Compare Home Loan EMI of Kotak Bank and Punjab and Sind Bank

Loan Amount Kotak Bank Punjab and Sind Bank
₹ 10 Lakh ₹ 8,358 ₹ 7,373
₹ 25 Lakh ₹ 20,895 ₹ 18,431
₹ 30 Lakh ₹ 25,075 ₹ 22,118
₹ 50 Lakh ₹ 41,791 ₹ 36,863

Which is a better bank for Home Loan – Kotak Bank or Punjab and Sind Bank?

Punjab and Sind Bank offers lower Home Loan EMI at ₹ 737 on a Home Loan for 30 Years as compared to Kotak Bank with a minimum EMI of ₹ 836 for 20 Years. Average customer ratings for Punjab and Sind Bank is currently at 2.5/5.0 which makes it a good choice for taking a Home Loan.

How does Kotak Bank Home Loan compare with Punjab and Sind Bank Home Loan?

It is important to do a detailed comparison of Kotak Bank and Punjab and Sind Bank on all loan terms and conditions to understand their differences and make an informed decision. Keep in mind that each bank’s scheme has its pros and cons that have to be evaluated before choosing the best offer. Some of the key results of the comparison between the two banks are:

  • Lowest Interest rate of Kotak Bank Home Loan is 7.99%, which is lower than the lowest interest rate of Punjab and Sind Bank at 8.05% and hence, Kotak Bank is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, Punjab and Sind Bank charges a lower processing fees of 0.25% of the loan amount vs Kotak Bank with a processing fees of 0.50% of loan amount.
  • Kotak Bank is a with its Home Loan rates benchmarked to RLLR. On the other hand, Punjab and Sind Bank is a with its home loan rates benchmarked to RLLR. Hence, both banks are benchmarked to the same rate, making them a comparable option to choose from.
  • Kotak Bank has an average customer ratings of 4.7, while Punjab and Sind Bank has an average customer rating of 2.5, based on which it is clear that Kotak Bank has a high customer service focus, an easy Home Loan process and a quick turnaround.

Which bank offers a lower interest rate on Home Loan – Kotak Bank or Punjab and Sind Bank?

As per the current rates, Kotak Bank offers a lower interest rate of 7.99% on Home Loan when compared to Punjab and Sind Bank which offers a Home Loan at 8.05%.

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Home Loan News - Oct 2022
  • 2022-10-04 : Karnataka Bank Launches Special Offers for Various Products
    Karnataka Bank launched a KBL Utsav 2022-23 campaign for home, car, and gold loans from October 1 to December 31. Under the campaign, customers can avail of home, car, and gold loans with attractive interest rates, reduced processing charges for car and gold loans, and nil processing charges for a home loan.
  • 2022-10-03 : Top Banks Hikes Home Loan Interest Rates
    After a 0.50% hike in Repo Rate by the Reserve Bank of India, the Home Loan EMI for top banks such as SBI, HDFC, and ICICI has also increased. As a result, the home loan is expected to become expensive for other banks.
  • 2022-09-12 : Indian Overseas Bank raises MCLR rates by up to 0.10%
    Indian Overseas Bank has revised upwards the MCLR rates by 0.10 per cent across tenors. The benchmark 1-year tenor marginal cost of funds based lending rate (MCLR) has been revised to 7.75 per cent against the existing rate of 7.65 per cent. The two and three-year MCLRs have been hiked by a similar margin to 7.80 per cent each.
  • 2022-09-12 : HDFC Bank slashes home loan processing fee by 75% for govt staff
    The largest private sector lender has rolled out a special offer for the government employees. HDFC Bank is offering 75 percent off on home loans’ processing fee for government employees. Customers can avail the offer for home loans up to Rs 50 lakh. The discount is available only for government employees with a credit score of 800 and above.
  • 2022-09-12 : Union Bank of India hikes interest rates - home, car EMIs set to rise
    Union Bank of India has increased its marginal cost-based lending rate (MCLR) in the range of 0.05 per cent to 0.35 per cent, which would make the loans from the bank more expensive. MCLR rates for overnight and one-month tenures to 7.00 per cent and 7.15 per cent, thus increasing them by 5 bps. For the three-month tenure, the rates are the same as before and are at 7.25 per cent.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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